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Deel Secures $300M Secondary Sale, General Catalyst Joins as Investor 

Deel Secures $300M Secondary Sale, General Catalyst Joins as Investor 

In a move that signals its preparation for a potential initial public offering (IPO), global HR and fintech company Deel has successfully completed a $300 million secondary share sale. This transaction brings General Catalyst on board as an investor, alongside an undisclosed sovereign investor, which CNBC reports to be Abu Dhabi’s Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi. 

Deel’s Growth Trajectory 

Deel, a platform enabling businesses to hire, manage, and pay remote employees worldwide, has experienced remarkable growth. In 2024, the company reported an annual revenue run rate (ARR) of $800 million, representing a 70% increase. The strong financial performance underscores Deel’s rapid expansion and its firm positioning in the HR tech and fintech sectors. 

Valuation and IPO Plans 

The latest secondary sale has pushed Deel’s valuation to $12.6 billion, up from its previous $12 billion valuation in May 2022. As Deel continues to scale, industry experts anticipate its IPO could occur as early as 2025. While Deel previously suggested a 2025/2026 timeline for going public, the recent developments indicate that an accelerated IPO strategy may be in play. 

What This Means for Deel’s Future 

The participation of General Catalyst signals strong investor confidence in Deel’s business model and future prospects. The capital injection provides liquidity to early investors and employees, reinforcing Deel’s financial stability ahead of its anticipated public offering. 

As Deel advances toward its IPO, the company is expected to continue expanding its global footprint and enhancing its suite of HR and payroll solutions. The sustained investor interest and growing revenue metrics suggest Deel is well-positioned to make a significant impact in the public markets when the time comes. 

With its latest $300 million secondary share sale, Deel has taken another major step toward an IPO. The company’s impressive revenue growth, increased valuation, and strong backing from investors like General Catalyst and Mubadala all contribute to its standing as a fintech leader in the global HR space. As Deel eyes the public markets, it remains a key player to watch in the evolving landscape of remote workforce management. 

Reference 

Tech Crunch – https://techcrunch.com/2025/02/04/deel-unloads-300m-in-secondary-sale-brings-general-catalyst-on-as-an-investor/ 

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Disclaimer: This material does not constitute tax, legal, insurance or investment advice, nor does it constitute a solicitation or an offer to buy or sell any security or other financial instrument. Securities offered through FNEX Capital, member FINRASIPC.